OlaFinancial Services has picked up about Rs 205 crore from investment fund Falcon Edge and venture firm Matrix Partners as part of its first institutional financing round, regulatory filings show. Apoletto Managers, the and Arun Sarin’s family office also participated in the round. This deal closed at a valuation of $250 million, according to two […]
Archives for May 2020
#FASuccess Ep 178: Blogging Your Way Into A Successful Niche By Simply Pursuing Your Own Curiosity, with Daniel Zajac
Executive Summary Welcome back to the 178th episode of Financial Advisor Success Podcast! My guest on today’s podcast is Daniel Zajac. Daniel is a financial advisor and partner with Simone Zajac, a hybrid advisory firm on the Lincoln Investment platform that oversees nearly $250 million of assets under management for nearly 300 clients. What’s unique […]
Xerocon London 2020 update
World class events are an important element of what both defines and also nurtures the amazing community that’s grown around Xero, and so it’s with a real sense of sadness that I have to update you on our difficult decision to cancel this year’s Xerocon London event. With uncertainty around COVID-19 likely to continue for […]
A roast and then rage: Inside India’s online content creation “class wars”
“This was by far the biggest fight in the creator ecosystem, not just in India, but globally. No one had seen anything like this before.” These are words of a popular YouTube creator, whose stint on Google’s video platform, goes back to its early days in India. Amid a global pandemic, it all blew up. […]
Zomato, Swiggy launch home delivery of alcohol in Odisha
Food ordering apps Swiggy and Zomato have started home delivery of alcohol in Odisha, days after first launching the service in Jharkhand. While both companies have begun liquor delivery in Bhubaneswar, other cities including Rourkela, Balasore, Balangir, Sambalpur, Berhampur and Cuttack are next in line. The central government’s move to allow sale of liquor during […]
Treasury yields rise as coronavirus vaccine hopes drive risk-on sentiment
U.S. government debt prices were lower on Tuesday in a holiday-shortened week, with mounting optimism about a coronavirus vaccine driving some risk-on sentiment from investors. At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note was up at 0.6916% and the yield on the 30-year Treasury bond rose to 1.4050%. Yields move inversely […]
Novavax starts Phase 1 clinical trial of coronavirus vaccine candidate
(Reuters) – Novavax Inc said on Monday it has started the Phase 1 clinical trial of a novel coronavirus vaccine candidate and has enrolled the trial’s first participants, with preliminary results slated for July. The Maryland-based late-stage biotechnology company in April said it identified the candidate, NVX-CoV2373, with which it planned to use its Matrix-M […]
Uber lays off 600 employees in India as Covid-19 hits ride-hailing business
Uber has laid off 600 people or a fourth of its 2,600 workforce in India across levels and teams on Tuesday. The ride-hailing app confirmed the development. The layoffs come a week after homegrown rival Ola slashed its headcount by a third, affecting 1,400 employees. “Maximum employees in the core mobility and head office have […]
PPP forgiveness guidance issued as Congress mulls changes
Treasury and the U.S. Small Business Administration (SBA) released new Paycheck Protection Program (PPP) guidance Friday night that provided some clarity on several loan forgiveness questions but didn’t address the two parts of PPP that arguably have generated the most concerns among the millions of small businesses and other entities that have received funding. Two […]
Meituan Dianping posts Q1 loss, warns virus impact to continue
Chinese food delivery giant Meituan Dianping posted a smaller-than-expected fall in revenue on Monday after its business was hit by nationwide virus curbs but cautioned that the pandemic would continue to have an impact. After three consecutive profitable quarters, the company said the loss for the first quarter ended March 31 was 1.58 billion yuan […]